Tasman to pump $4 to 6 million into B'lore center
Tuesday, 02 September 2003, 19:30 IST
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BANGALORE: Tasman Networks, provider of networking solutions for bandwidth-intensive applications, has announced the inauguration of its development center in Bangalore. The center, which was inaugurated by the Chief Minister of Karnataka SM Krishna, already employs around 25 people housed in a 3,500 sq. ft. facility. “The team in Bangalore will be undertaking the software work related to our products. This forms a substantial portion of the work on our product. We are not contemplating hardware development in India at the moment though we cannot rule out the possibility for the future,” said CEO of Tasman Networks Paul Smith. According to him, the company had already invested something around $ four million into the facility in Bangalore and around $four million - $ six million more will be pumped in next year. He added that the head count at the development center could grow to 300 at the end of three years. “Bangalore is our only other development center apart from our main one in California. But we are in the process of shifting work from one to the other. Right now, the two centers handle equal amount of work. I can see India taking upto 60 percent of the workload in the near future,” said Smith. The company, which was formed in 1997, operates mostly in the US market though it is taking steps of broadening its horizons by next year. Even as the company’s worldwide market share remains restricted to single digit, Smith said that the Indian market for them is negligible. The organization has around 200 customers spread between carrier telecom companies and enterprises. The company operates through the single distributor of MRO Tek so far in the Indian market. The company also launched one of its routers in the Indian market at the occasion. Smith in his address used the opportunity to urge the government to encourage and aid more SMB organizations in their business endeavors in the country. (Source: CIOL)
Source: IANS
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